Business & Finance

Ziraat Bank secures one year syndicated loan worth $700mn

Published March 29, 2013 Updated March 29, 2013 12:14pm

1 min

By Muhammad Iqbal

Add BRecorder as a trusted
source on Google

ISTANBUL: Turkish lender Ziraat Bank said on Friday it had secured a 1-year syndicated loan in two tranches, worth a total of $700 million.

The bank said the first tranche was worth $288.5 million and the second tranche was worth 322.5 million euros, with interest rates of Libor +1 percent and Euribor +1 percent respectively.

Read Comments